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REG - Natwest Markets PLC NatWest Markets N.V. - NatWest Markets Plc announces interim CFO

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RNS Number : 2698F  Natwest Markets PLC  18 March 2022

NatWest Markets Plc

NatWest Markets Plc announces interim CFO

NatWest Markets Plc ("NatWest Markets"), announces today that Simon Lowe,
Director of Finance for NatWest Markets will take on the role of interim CFO
for NatWest Markets. Simon Lowe will replace current NatWest Markets CFO David
King, who announced his resignation in November 2021. David King will step
down from his CFO role, his role as an Executive Director of NatWest Markets
and his role on the Supervisory Board of NatWest Markets N.V. on 1 April.
Simon Lowe will join the Supervisory Board of NatWest Markets N.V. on an
interim basis as an observer.

Simon Lowe has worked at NatWest Markets for over 16 years and has most
recently been responsible for the Financial Control, Product Control and
Valuation teams. In his interim position he will join Robert Begbie's
management team, as well as NatWest Group plc's Finance Executive Committee.
Simon Lowe and David King will continue to work together to transition David
King's responsibilities. NatWest Markets is undertaking an internal and
external search for David King's permanent successor as CFO.

Robert Begbie, CEO of NatWest Markets, said:

"I look forward to welcoming Simon to my leadership team and thank David for
all that he has delivered in his role. Our Markets business continues to
unlock potential for customers across NatWest by connecting them to
international wholesale and capital markets, and collaborating with them to
provide the risk management and financing solutions that help them realise
their potential and thrive."

For further information, please contact:

 

Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 (0) 207 672 1758

 

RBS Media Relations

+44 (0) 131 523 4205

 

Legal Entity Identifiers

 NatWest Markets Plc    RR3QWICWWIPCS8A4S074

NatWest Markets N.V.
X3CZP3CK64YBHON1LE12

 

Forward-looking statements

This document contains forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995, such as
statements that include, without limitation, the words 'expect', 'estimate',
'project', 'anticipate', 'commit', 'believe', 'should', 'intend', 'will',
'plan', 'could', 'probability', 'risk', 'Value-at-Risk (VaR)', 'target',
'goal', 'objective', 'may', 'endeavour', 'outlook', 'optimistic', 'prospects'
and similar expressions or variations on these expressions. These statements
concern or may affect future matters, such as NWM Group's future economic
results, business plans and current strategies.  In particular, this document
may include forward-looking statements relating to NWM Group in respect of,
but not limited to: the impact of the Covid-19 pandemic, NWM Plc's regulatory
capital position and related requirements, its financial position,
profitability and financial performance (including financial, capital, cost
savings and operational targets), the NWM Group refocusing and implementation
of NatWest Group's Purpose-led strategy, its ESG and climate related targets,
its access to adequate sources of liquidity and funding, increasing
competition from new incumbents and  disruptive technologies, its exposure to
third party risks, its ongoing compliance with the UK ring-fencing regime and
ensuring operational continuity in resolution, its credit exposures under
certain specified scenarios, substantial regulation and oversight, ongoing
legal, regulatory and governmental actions and investigations, the transition
of LIBOR and other IBOR rates to alternative risk free rates and NWM Group's
exposure to economic and political risks (including with respect to Brexit and
climate change), operational risk, conduct risk, financial crime risk, cyber,
data and IT risk, key person risk and credit rating risk. Forward-looking
statements are subject to a number of risks and uncertainties that might cause
actual results and performance to differ materially from any expected future
results or performance expressed or implied by the forward-looking statements.
Factors that could cause or contribute to differences in current expectations
include, but are not limited to, the impact of the Covid-19 pandemic, the
outcome of legal, regulatory and governmental actions and investigation,
legislative, political, fiscal and regulatory developments, accounting
standards, competitive conditions, technological developments, interest and
exchange rate fluctuations, general economic and political conditions and the
impact of climate related risks and the transitioning to a net zero economy.
These and other factors, risks and uncertainties that may impact any
forward-looking statement or NWM Group's actual results are discussed in NWM
Plc's 2020 Annual Report and Accounts (ARA) and other public filings. The
forward-looking statements contained in this document speak only as of the
date of this document and NWM Group does not assume or undertake any
obligation or responsibility to update any of the forward-looking statements
contained in this document, whether as a result of new information, future
events or otherwise, except to the extent legally required.

 

 

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